Capital Investment Advisors LLC Increases Stake in VICI Properties Inc. $VICI

Capital Investment Advisors LLC raised its stake in VICI Properties Inc. (NYSE:VICI) by 4.9% in the third quarter, HoldingsChannel reports. The fund owned 397,090 shares of the company’s stock after purchasing an additional 18,696 shares during the period. Capital Investment Advisors LLC’s holdings in VICI Properties were worth $12,949,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. D.A. Davidson & CO. boosted its holdings in shares of VICI Properties by 85.3% during the 2nd quarter. D.A. Davidson & CO. now owns 20,534 shares of the company’s stock worth $669,000 after purchasing an additional 9,451 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in VICI Properties by 2.4% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 3,466,757 shares of the company’s stock worth $113,051,000 after buying an additional 81,300 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in VICI Properties by 5.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,381,529 shares of the company’s stock worth $77,638,000 after buying an additional 122,796 shares during the last quarter. Swedbank AB boosted its stake in VICI Properties by 4.0% during the third quarter. Swedbank AB now owns 4,874,730 shares of the company’s stock worth $158,965,000 after buying an additional 188,690 shares during the last quarter. Finally, Valeo Financial Advisors LLC purchased a new stake in VICI Properties in the 2nd quarter valued at $4,972,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Stifel Nicolaus reduced their price target on VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Evercore ISI reaffirmed an “in-line” rating and set a $32.00 target price (down from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 29th. The Goldman Sachs Group cut their price target on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a report on Friday, November 28th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $32.00 price objective (down from $36.00) on shares of VICI Properties in a report on Tuesday, November 18th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and an average target price of $34.31.

VICI Properties Price Performance

Shares of VICI opened at $27.89 on Friday. The firm has a 50-day simple moving average of $28.76 and a two-hundred day simple moving average of $31.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. VICI Properties Inc. has a 1-year low of $27.48 and a 1-year high of $34.03. The stock has a market cap of $29.80 billion, a PE ratio of 10.64, a P/E/G ratio of 2.74 and a beta of 0.70.

VICI Properties (NYSE:VICI) last posted its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 EPS. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. As a group, analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 17th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Wednesday, December 17th. VICI Properties’s payout ratio is currently 68.70%.

VICI Properties Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.